Australian Capital Territory Numbered Acts

NATIONAL ENERGY RETAIL LAW (ACT) ACT 2012 (NO. 31 OF 2012) - SECT 53

    (1)     This section applies in relation to—

        (a)     a standard customer contract between a retailer and small customer that is replaced with a standard retail contract under section 51; and

        (b)     a negotiated customer contract between a retailer and small customer that becomes a transitioned market retail contract under section 52.

    (2)     If immediately before the commencement day, under or in relation to the contract—

        (a)     a security deposit (however described) paid by the customer is held by the retailer—the security deposit is taken to be a security deposit under the National Energy Retail Law (ACT) on the commencement day; and

        (b)     a notice given by the retailer or customer under the contract is valid and operative, and if the notice may have been given under the National Energy Retail Law (ACT) —the notice is taken to be a notice under that Law on the commencement day; and

        (c)     the customer pays the retailer's accounts by a direct debit arrangement (however described)—the direct debit arrangement is taken to be a direct debit arrangement under the National Energy Retail Law (ACT) on the commencement day; and

        (d)     a payment plan (however described) is in operation—the payment plan is taken to be a payment plan under the National Energy Retail Law (ACT) on the commencement day.

    (3)     Any interest under or in relation to the contract, or on a customer's security deposit (however described), that was accruing before the commencement day continues to accrue on and after the commencement day.

    (4)     In this section:

"transitioned market retail contract"—see section 52 (2).